The purpose of this paper is to investigate the relationship between income inequality and bequest division rules, an old but untouched topic addressed by Sir Josiah Stamp nearly seventy years ago. We show that the bequest income transition rule for each child should be linearly combined to form...

We consider trade policy in a setting where home country firms are fully dependent on vertically-integrated foreign firms for supplies of a key input. We find that vertically-integrated firms' strategic considerations play an important role and that, in particular, a tariff on final goods may...